Australian Dollar Outlook - 03/15/2012
Bell FX Currency Outlook: The Australian dollar extended its recent decline again overnight as the USD strength story continued.
Australian Stock Market Leads - 03/15/2012
Australian shares and currency markets are seen taking a step back on Thursday after striking gains yesterday. The continuing strength of the USD will drag on the AUD and commodity-related stocks. However, listed firms with big dollar exposures are likely to gain from this USD-AUD trend.
Australian Stock Market Report - Morning - 03/15/2012
MORNING REPORT
(7am AEDT - Due to the change in daylight saving hours in the US - Wall street now closes at 7am AEDT)In the Euro-zone, the consumer price index was unchanged at a 2.7pct annual rate in February, as expected. In the US, the current account deficit widened by $16.5 billion to US$124.1bn in the December quarter, above expectations near $114.2bn and equivalent to 3.2pct of GDP. In the UK, claimant count unemployment rose by another 7,200 in February. The claimant count rate of u...
Global Markets Overview - 03/15/2012
U.S. stocks traded roughly flat on the day as the Dow industrials struggled to post a sixth straight gain, one day after the Federal Reserve said most of the biggest U.S. banks passed the latest round of stress tests. The Dow Jones Industrial Average edged up three points, or less than 0.1%, to 13181, in Wednesday afternoon trading.
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Group Alleges Lynas to Ignore Malaysia's Import Suspension Order of Rare Earths
The Anti-Nuclear Alliance of Western Australia (ANAWA), a nongovernment orgnaization, has alleged Australian rare earths miner Lynas Corp. will not stop to pause and follow the suspension order imposed by the Environmental Protection Authority (EPA) from importing its rare earth concentrate into Malaysia.
China Eyes Overseas Uranium Mines to Support Energy Requirements
Disregarding post-Fukushima shocks, China is determined to include nuclear power in its energy generation mix and has been busy eyeing to acquire uranium mines overseas to support this plan.
The Battle for Middle, Err, Rare Earths, Begin
The battle for accessibility for rare earths supply got nastier on Tuesday in what could be a show of force majeure when three economic powers - the U.S., the European Union (EU) and Japan - lodged a complaint before the World Trade Organization (WTO) against the world's stronghold of rare earths, China.
Australian Stock Market Report - Morning - 03/14/2012
MORNING REPORT
(7am AEDT - Due to the change in daylight saving hours in the US - Wall street now closes at 7am AEDT)The German ZEW investor survey soared in March jumping by 17.1 points to 22.3 - the highest since June 2010.US retail sales lifted by 1.1pct in February, slightly above expectations. The January result was revised up to show a lift of +0.6pct (previously shown as +0.4pct). Excluding autos, sales rose by 0.9pct in February.
Australian Dollar Outlook - 03/14/2012
Bell FX Currency Outlook: The Australian Dollar is slightly weaker following the release of better than expected American retail sales, a positive announcement from JP Morgan and comments from the US Federal Reserve about the US economy.
Australian Stock Market Leads - 03/14/2012
Positive leads from the international markets are anticipated to redound to Australia's equity and dollar markets on Wednesday, thanks to the improving U.S. economy and the confidence generated in Germany's better economic trends.
Global Markets Overview - 03/14/2012
U.S. STOCK MARKETSU.S. stocks rose in response to encouraging news about domestic retail sales and small-business optimism, putting key benchmarks above milestones they have been flirting with for weeks.
Australian Stock Market Report - Afternoon 3/13/2012
The Australian sharemarket more than made up for yesterday's disappointing start to the week, with the All Ordinaries up 1.1 pct or 48.3 pts to 4,336.5. This is the best daily performance from local shares in around three weeks.
New Zealand’s 'Most Serious' Privacy Breach: ACC Claimants, Sex Assault Victims, Horrified at Mishandling of Private Details
Sex abuse and assault victims who went to ACC (Accident Compensation Corporation) for help were horrified upon learning that ACC Minister Judith Collins has demanded an urgent report into allegations that strictly private details of thousands of ACC claimants somehow wound up in the hands of an unauthorised recipient.
US Officials are Biggest Megaupload Users
Internet tycoon Kim Dotcom has claimed US officials were among the biggest users of his Megaupload website before it was shut down for alleged copyright infringement, the New Zealand Herald reports.
2011 Mining Investments in Peru Grows 77%
Overall investments of mining firms in Peru reached $7.2 billion in 2011, representing a hike of 77 per cent over a year ago, data from the country's Mines and Energy Ministry showed.
Despite $30 Billion Threat to Aussie Economy, Government to Retain Carbon Price
Australian Finance Minister Penny Wong said on Tuesday that the federal government would not change its proposed carbon price of $23 per tonne despite a report that said the carbon tax would negatively impact the country's economy by $30 billion.
Australian Miner Cockatoo Coal Receives $330.7 M Boost from South Korea’s SK Networks
South Korea's SK Networks Co., the country's third largest conglomerate, is set to dramatically increase its holding stake in Australian mining company Cockatoo Coal to 40 per cent, a deal that just about saves the beleaguered Australian firm from a A$85 million loan it entered into late last year.
Labor Gov't Refuse to Compromise on Carbon Fixed Pricing Scheme
No forthcoming tweaks will be implemented on the carbon pricing scheme, meaning the federal government will stick on its current form despite emerging claims that the tax could hinder economic growth.
PM Gillard Gains Voters’ Confidence, but Coalition Still Leads
Prime Minister Julia Gillard finally settled Labor's leadership question when she rousingly vanquished the challenge raised two weeks ago by former Foreign Minister Kevin Rudd and now she emerged, narrowly though, as Australia's preferred leader.
Report: Aussie Commando Unit Secretly Dispatched in Africa
Australian troops have been secretly deployed in a number of African countries since last years and conducting operations normally reserved to intelligence units, Fairfax media reported on Tuesday.
Russian Gold Miner Nordgold Taps Emerging Markets for Mining Acquisitions
Nordgold NV is looking into emerging markets for potential mining acquisitions as it seeks to increase its overall mineral reserves in the next four years with an $800 million budget spending to boot.
Australian Stock Market Leads - 03/13/2012
The Australian stock market is set for a minor rebound on Tuesday in spite an underlying anxiety extended by a slowdown in China's economy and the anticipated move of the FOMC on U.S. rates.
Global Markets Overview - 03/13/2012
U.S. stocks Monday struggled to extend a winning run into a fourth session ahead of a monetary-policy decision from the Federal Reserve the next day. Extending gains into a fourth session, its longest run in six weeks, the Dow Jones Industrial Average climbed 48.51 points, or 0.4%, to 12,970.53.
Australian Dollar Outlook - 03/13/2012
Bell FX Currency Outlook: Overnight the Australian Dollar fell below USD1.0500 as a fall in commodity prices dragged our local currency to a seven week low.
Australian Stock Market Report - Afternoon 3/9/2012
The Australian sharemarket ended in similar fashion to Monday last week, with the All Ordinaries Index (XAO) easing by 0.3 pct or 12.3 pts to 4288.2. All sectors lost ground, with the exception of the consumer discretionary and I.T stocks.
Mining Leaders Criticise State Dependence on Industry to Build Communities
Mining leaders in Australia want to distinguish the fine line between subsidising rents for medical personnel in hospitals mining firms open in far flung communities and other basic services needed by these areas.
PM Gillard Begins Work on Winning Parliament Support for Mining Tax, Immigration Policy
Australian Prime Minister Julia Gillard is all prepped for bruising confrontations as the Parliament resumes session this week, with two points dominating the Labor-led government's legislative agenda.
Molycorp Gears into a One-Stop Shop Facility with Neo Material Takeover Bid
From mining rare earths to producing magnets with rare earths, name it and Molycorp Inc., the world's largest non-Chinese rare earths miner, just could already possibly have it.
Industry Pushes for Fund Managers’ Pay Disclosure
Similar to executive pay increases and bank executive bonuses which are now under scrutiny by shareholders while the rest of the world are tightening their belts, fund managers in Australia are under pressure from the industry and stakeholders to disclose their pay.
Treasurer Swan Admits Challenges Ahead, Insists on Budget Surplus via Big Savings
Decreasing government revenues and the slowing down national economy could hamper efforts to achieve budget surplus by 2013 but Federal Treasurer Wayne remains confident that the fiscal goal is achievable.
Australian Stock Market Report - Morning - 03/12/2012
US employment (non-farm payrolls) rose by 227,000 in February. The January result was upgraded by 41,000 to show job gains of 284,000. The jobless rate was stable at 8.3pct.
Australian Dollar Outlook - 03/12/2012
Bell FX Currency Outlook: Aussie slips against the
US$ on the back of Greece reaching a solution which
Bell FX Currency Outlook: Aussie slips against the
US$ on the back of Greece reaching a solution which
has averted a technical default.
Australian Stock Market Report - Afternoon 3/9/2012
The Australian market managed to improve today for the second consecutive day, partly making up for three straight sessions of losses between Monday and Wednesday. The All Ordinaries Index (XAO) rose 0.9 pct or 38.3 pts to 4300.5, however still has fallen by around 1.5 pct over the week.
Airbus Reports of New Plane Order Suspensions Coming from China
China has followed through on its open opposition to the recently implemented emission trading scheme by the European Union, with Airbus reporting on Thursday that Beijing has advised against the sale of Euro-made commercial planes to Chinese airlines.
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